Avalon Technologies IPO details (3 Apr – 6 Apr), (Price ₹415 to ₹436)
Listing date and Listing Price of Avalon Technologies IPO:
- Avalon Technologies IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Avalon Technologies IPO on NSE – Click Here
- Listing Price of Avalon Technologies IPO on BSE – Click Here
Grey Market premium (GMP) price of Avalon Technologies IPO:
Grey Market premium (GMP) price of Avalon Technologies IPO is Rs. __. Grey Market premium (GMP) of Avalon Technologies IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Avalon Technologies IPO Allotment link status on Link Intime:
- Check the allotment status of Avalon Technologies IPO on the below link given by Link Intime.
- Avalon Technologies IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Avalon Technologies IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Avalon Technologies IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NIB (Non-institutional Investor) | RII (Retail Individual Investor) | Employee category | Total No. of times applied | |
| No. of shares offered | |||||
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
Avalon Technologies IPO highlights:
| Avalon Technologies IPO bid Opens on | 3 Apr 2023 |
| Avalon Technologies IPO bid Closes on | 6 Apr 2023 |
| Post issue Modification Period | 7 – Apr -2023 (10 to 11 am) |
| Cut-off time for UPI Mandate Confirmation | 7 – Apr -2023 (upto 12:00 PM) |
| Issue type | 100% Book Building |
| Avalon Technologies IPO issue size | ₹ 865 Cr |
| Face value of each equity share | Rs. 2 |
| Avalon Technologies IPO Price band | Rs 415 to Rs 436 per share |
| Avalon Technologies IPO market lot | 34 equity shares and multiples |
| Avalon Technologies IPO minimum order quantity | 34 equity shares |
| Pre IPO equity share of promoters of Avalon Technologies | 70.75 % |
| Post IPO paid-up equity share of promoters of Avalon Technologies | 51.24 % |
| QIB portion reservation in Avalon Technologies IPO | 75 % |
| NIB portion reservation in Avalon Technologies IPO | 15 % |
| Retail portion reservation in Avalon Technologies IPO | 10 % |
| Retail individual bidder can apply in Avalon Technologies IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Avalon Technologies IPO | NA |
| Employees can apply in Avalon Technologies IPO | NA |
| Employees Reservation in Avalon Technologies IPO | NA |
| Employees Discount in Avalon Technologies IPO | NA |
| Listing of Avalon Technologies at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Avalon Technologies | NA |
| Registrar of Avalon Technologies IPO issue | Link Intime India Private Limited |
Avalon Technologies IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Avalon Technologies IPO are mentioned below.
| Avalon Technologies IPO opens on | 03.04.2023 |
| Avalon Technologies IPO Closes on | 06.04.2023 |
| Allotment basis date of Avalon Technologies IPO | 12.04.2023 |
| Money refund date of Avalon Technologies IPO | 13.04.2023 |
| Shares of Avalon Technologies in Demat Account | 17.04.2023 |
| Avalon Technologies IPO listing date on NSE, BSE | 18.04.2023 |
How much shares of Avalon Technologies IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 865 Crore | |
| Fresh Issue size | – | ₹ 320 Crore |
| Offer for Sale (OFS) | – | ₹ 545 Crore |
| Employee Reservation | – | – |
Avalon Technologies financial statements details:
IPO Red Herring Prospectus (RHP) of Avalon Technologies:
Click here for IPO RHP of Avalon Technologies on SEBI website.
Objectives of the Avalon Technologies IPO Issue: (Source – RHP)
Our Company proposes to utilise the Net Proceeds towards funding the following objects (collectively referred to as the “Objects”): 1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and one of our Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (“ATSPL”); 2. Funding the working capital requirements of our Company; and 3. General corporate purposes.
Business of Avalon Technologies: (Source – RHP)
We are one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-toend operations in delivering box build solutions in India in terms of revenue in Fiscal 2022 (source: F&S Report), with a focus on high value precision engineered products. Through a unique global delivery model (source: F&S Report), we provide a full stack product and solution suite, right from printed circuit board (“PCB”) design and assembly to the manufacture of complete electronic systems (“Box Build”), to certain global original equipment manufacturers (“OEMs”), including OEMs located in the United States, China, Netherlands and Japan. Through our end-to-end operations, we believe our customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.